51,500 Shares in Invesco KBW Bank ETF $KBWB Bought by Silphium Asset Management Ltd

Silphium Asset Management Ltd bought a new position in shares of Invesco KBW Bank ETF (NASDAQ:KBWB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,500 shares of the company’s stock, valued at approximately $4,028,000. Invesco KBW Bank ETF makes up approximately 1.2% of Silphium Asset Management Ltd’s investment portfolio, making the stock its 23rd largest position.

Several other institutional investors also recently bought and sold shares of KBWB. Migdal Insurance & Financial Holdings Ltd. increased its stake in Invesco KBW Bank ETF by 64.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,595,000 shares of the company’s stock worth $400,714,000 after buying an additional 2,200,000 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Invesco KBW Bank ETF by 83.8% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,177,620 shares of the company’s stock worth $326,732,000 after acquiring an additional 1,905,000 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Invesco KBW Bank ETF by 117.7% during the second quarter. JPMorgan Chase & Co. now owns 3,503,711 shares of the company’s stock worth $250,936,000 after purchasing an additional 1,894,483 shares in the last quarter. Menora Mivtachim Holdings LTD. increased its position in shares of Invesco KBW Bank ETF by 107.4% during the second quarter. Menora Mivtachim Holdings LTD. now owns 3,085,450 shares of the company’s stock worth $220,980,000 after purchasing an additional 1,597,450 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in Invesco KBW Bank ETF by 23.3% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 4,370,000 shares of the company’s stock valued at $312,979,000 after purchasing an additional 825,000 shares during the last quarter.

Invesco KBW Bank ETF Stock Up 1.7%

Shares of KBWB opened at $87.64 on Tuesday. Invesco KBW Bank ETF has a 52-week low of $51.13 and a 52-week high of $88.84. The firm’s fifty day moving average is $84.60 and its two-hundred day moving average is $79.09. The stock has a market cap of $6.15 billion, a PE ratio of 13.35 and a beta of 1.11.

Invesco KBW Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.4442 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.78 dividend on an annualized basis and a yield of 2.0%.

Invesco KBW Bank ETF Company Profile

The Invesco KBW Bank ETF (KBWB) is an exchange-traded fund that is based on the KBW Nasdaq Bank index, a modified market-cap-weighted index of US banking firms. KBWB was launched on Nov 1, 2011 and is managed by Invesco.